The bulls didn't go too far. Both SPX and RUT rallied last week and briefly made new ATHs then fall back in their previous ranges. The media citing the reason is caused by the ten-year bond rate. Tech sectors got hit again. There may not be a meaningful rally without tech participation. Their price actions also seemed to match the seasonality. We will see if the seasonal pattern will play out with a surge in late March.
My portfolio made a nice improvement. The net liq is at 132K after I paid another 10K back to ET. I haven't seen this level since January 2020. This week's realized gain is 13K building on the 36K gain of last week. The total gains of the 2 weeks covered the losses of Feb plus the 1st week of March. The leverage is also down to 3.1. I plan to pay another 5K back to ET next week that will make it even for 2021 so far. Of course, I have a long way to go to unwind the deep ITM bear calls. I will continue to balance my delta without adding much portfolio risk. Control the total number of contracts helps a lot.
I didn't trade much 0 DTE this week due to the price swings that some of my orders didn't get filled. I wait for the prices to come to me and tried not to chase them. I found that 1 DTE may work better if I enter it in the late day. I need to review my old documents. I traded some Shadow Trader and JO 5K. The gains were minimum but learning their styles and keep me more productive.
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